Hi,Friends, I want to know the gratuity calculation and eligible time for getting gratuity. Please help me.
From India, Mumbai
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4From India, Mumbai
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Dear Ramanjaneyulumba,
Minimum eligibility to get Gratuity is 5 years. In the case of permanent employees, for the preceding 12 months, there should be a minimum attendance of:
a) 190 days
i) for those who work in Mines
ii) for those who work for less than 6 days in a week
b) 240 days in other cases.
For gratuity calculation, the service will be rounded to full years. For this purpose, a fraction of more than 6 months will be rounded up to one year and up to 6 months will be rounded down.
The formula to calculate gratuity is service x salary x 15/26. The ceiling limit is Rs. 10,00,000.
Abbas.P.S
From India, Bangalore
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Minimum eligibility to get Gratuity is 5 years. In the case of permanent employees, for the preceding 12 months, there should be a minimum attendance of:
a) 190 days
i) for those who work in Mines
ii) for those who work for less than 6 days in a week
b) 240 days in other cases.
For gratuity calculation, the service will be rounded to full years. For this purpose, a fraction of more than 6 months will be rounded up to one year and up to 6 months will be rounded down.
The formula to calculate gratuity is service x salary x 15/26. The ceiling limit is Rs. 10,00,000.
Abbas.P.S
From India, Bangalore
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Gratuity-Contin uous Service-countin g broken period with same employer-Madras HC Judgment.docx